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Richard Perry and Perry Capital are betting big on a range of companies. The fund’s recent 13F filing revealed that Perry’s top pick among stocks is NRG Energy Inc (NYSE:NRG). The fund owns 19 million shares worth a reported value of $519 million. The second biggest position of Perry’s is FedEx Corporation (NYSE:FDX), followed by American International Group Inc (NYSE:AIG).

The fund is also invested in Lamar Advertising Co( NASDAQ:LAMR), owning 6.3 million Class A shares worth a reported value of $296 million, and Hess Corp.(NYSE:HES), worth slightly less.